Can I retire at age 45 with 924,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$76,303$75,623$74,960$74,313$73,681$71,039
2 years$37,774$37,070$36,388$35,727$35,086$32,453
3 years$24,932$24,226$23,546$22,891$22,260$19,718
4 years$18,513$17,809$17,135$16,492$15,876$13,445
5 years$14,662$13,962$13,298$12,667$12,069$9,755
6 years$12,096$11,401$10,747$10,130$9,550$7,355
7 years$10,264$9,575$8,930$8,328$7,766$5,690
8 years$8,890$8,207$7,574$6,987$6,443$4,484
9 years$7,822$7,146$6,523$5,951$5,426$3,581
10 years$6,968$6,299$5,687$5,130$4,623$2,889
11 years$6,270$5,607$5,007$4,464$3,976$2,350
12 years$5,689$5,033$4,443$3,916$3,446$1,923
13 years$5,198$4,548$3,970$3,457$3,005$1,581
14 years$4,777$4,134$3,567$3,069$2,634$1,305
15 years$4,412$3,777$3,221$2,737$2,319$1,081
16 years$4,094$3,465$2,920$2,451$2,050$898
17 years$3,813$3,191$2,657$2,202$1,817$747
18 years$3,564$2,949$2,425$1,984$1,616$623
19 years$3,341$2,733$2,220$1,793$1,440$520
20 years$3,140$2,540$2,038$1,624$1,286$435
21 years$2,959$2,366$1,874$1,474$1,151$364
22 years$2,795$2,208$1,728$1,340$1,032$305
23 years$2,645$2,065$1,595$1,220$926$255
24 years$2,508$1,935$1,475$1,113$833$214
25 years$2,382$1,816$1,366$1,017$749$180
26 years$2,266$1,707$1,267$929$675$151
27 years$2,159$1,606$1,177$851$608$127
28 years$2,059$1,513$1,094$779$549$106
29 years$1,967$1,428$1,018$715$496$89
30 years$1,881$1,348$948$656$448$75
31 years$1,800$1,275$884$602$405$63
32 years$1,725$1,206$825$554$366$53
33 years$1,655$1,142$770$509$332$45
34 years$1,589$1,083$720$468$300$37
35 years$1,526$1,027$673$431$272$31
36 years$1,468$975$629$397$246$26
37 years$1,412$926$589$366$223$22
38 years$1,360$880$552$337$202$19
39 years$1,310$836$517$311$184$16
40 years$1,263$796$484$287$166$13
41 years$1,219$758$454$265$151$11
42 years$1,176$721$426$244$137$9
43 years$1,136$687$400$225$124$8
44 years$1,098$655$375$208$113$7
45 years$1,061$625$352$192$102$6
46 years$1,027$596$331$178$93$5
47 years$993$569$311$164$84$4
48 years$962$543$292$152$77$3
49 years$931$519$275$140$70$3
50 years$902$495$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $924,000, adding $3,446 every year, while hoping to spend $42,071 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 53/25/22 Blend
44$924,000$924,000$924,000$924,000
45$1,021,803$972,831$958,509$1,069,593
46$1,081,263$975,736$945,855$1,105,767
47$1,145,379$977,374$931,368$1,140,453
48$1,214,580$977,637$914,941$1,177,312
49$1,289,339$976,414$896,464$1,216,564
50$1,370,176$973,582$875,820$1,258,456
51$1,457,662$969,016$852,888$1,303,259
52$1,552,425$962,580$827,542$1,351,277
53$1,655,156$954,129$799,647$1,402,844
54$1,766,613$943,513$769,067$1,458,334
55$1,887,632$930,569$735,655$1,518,158
56$2,019,130$915,127$699,259$1,582,773
57$2,162,119$897,006$659,722$1,652,687
58$2,317,709$876,013$616,877$1,728,460
59$2,487,124$851,946$570,550$1,810,714
60$2,671,708$824,589$520,562$1,900,138
61$2,872,944$793,715$466,722$1,997,494
62$3,092,460$759,084$408,833$2,103,625
63$3,332,051$720,439$346,689$2,219,467
64$3,593,691$677,511$280,074$2,346,053
65$3,879,554$630,016$208,763$2,484,526
66$4,192,034$577,652$132,522$2,636,153
67$4,533,765$520,100$51,104$2,802,332
68$4,907,647$457,023$0$2,984,613
69$5,316,876$388,067$0$3,193,105
70$5,764,969$312,853$0$3,434,651
71$6,255,799$230,986$0$3,699,400
72$6,793,632$142,046$0$3,989,731
73$7,383,166$45,589$0$4,308,273
74$8,029,574$0$0$4,657,925
75$8,738,556$0$0$5,058,073
76$9,516,388$0$0$5,510,932
77$10,369,984$0$0$6,007,996
78$11,306,959$0$0$6,553,712
79$12,335,700$0$0$7,152,976
80$13,465,450$0$0$7,811,186
81$14,706,387$0$0$8,534,284
82$16,069,724$0$0$9,328,818
83$17,567,815$0$0$10,202,002
84$19,214,270$0$0$11,161,782
85$21,024,080$0$0$12,216,915
86$23,013,765$0$0$13,377,044
87$25,201,522$0$0$14,652,798
88$27,607,402$0$0$16,055,884
89$30,253,494$0$0$17,599,203
90$33,164,137$0$0$19,296,968
91$36,366,147$0$0$21,164,838
92$39,889,068$0$0$23,220,067
93$43,765,454$0$0$25,481,667
94$48,031,175$0$0$27,970,584
95$52,725,751$0$0$30,709,899
96$57,892,729$0$0$33,725,044
97$63,580,091$0$0$37,044,039
98$69,840,705$0$0$40,697,761
99$76,732,830$0$0$44,720,233
100$84,320,654$0$0$49,148,943